Also, people just starting out investing in Harmoney loans need to be aware that most borrowers on Harmoney have probably been turned down by the banks as deemed too risky. Borrowers who have a mortgage would get a much lower interest rate loan from the bank. Even the borrowers who don't have a mortgage would get a personal loan at a much lower interest rate from the banks.
Harmoney's risk grades are also often questionable. This week there was a B3 loan where the borrower was asking for $50k with a monthly income of $3,900 and monthly loan payment over $1k. That loan should've been a much higher risk grade.